Philippine taxation

Latest issues

Obey or pay: Implications for personal information controllers and processors

22 Sep 2016

A couple of months ago, I wrote about the draft Implementing Rules and Regulations (IRR) of the Data Privacy Act (DPA) of 2012 and the rights of the data subject. As promised, here is the second part where I will share my thoughts on how the IRR will impact organizations as either personal information controllers (PICs) or personal information processors (PIPs).

The Culprit: More than meets the eye

15 Sep 2016

According to Einstein, fear and greed are two of the three great forces that exist in the world. In this context, fear and greed are likely the drivers of a human being’s irrational action and behavior. We can say that greater fear and greed occur in our later years, when we start experiencing the increasing degrees of pressure from factors that shape our perspectives.

Tax sparing spared

08 Sep 2016

If a taxpayer was given two benefits which cannot be simultaneously availed, who should choose which benefit to avail -- the government or the taxpayer?

Tax Alert No. 38 [Revenue Memorandum Circular No. 85-2016 dated 3 August 2016]

18 Aug 2016

Further Clarification on the Suspension of Audit Pursuant to Revenue Memorandum Circular No. 70-2016

Read all Tax Alerts

Obey or pay: Implications for personal information controllers and processors

22 Sep 2016

A couple of months ago, I wrote about the draft Implementing Rules and Regulations (IRR) of the Data Privacy Act (DPA) of 2012 and the rights of the data subject. As promised, here is the second part where I will share my thoughts on how the IRR will impact organizations as either personal information controllers (PICs) or personal information processors (PIPs).

Read all Taxwise or Otherwise

Key reminders for impairment reviews

08 Jul 2016

Impairment is an ongoing area of concern for management. Regulators remain focused on this area and continue to push for increased transparency in disclosures. Entities holding significant amounts of goodwill and intangibles are at greater risk of a regulatory challenge to their impairment assessments and in particular the related disclosures of International Accounting Standards (IAS) 36, Impairment of assets.

Read all Client Advisory Letters

2016 Tax calendar

28 Dec 2012

This calendar lists all important payments and registration schedules from the BIR, SEC and other agencies.

National Internal Revenue Code of 1997

06 Sep 2007

A codal version of National Internal Revenue Code of 1997 (Tax Code). Including RR 10-2008, RR 16-2008,Consolidated Withholding Tax Regulations, Consolidated Fringe Benefits Tax Regulations

CWT and FBT Regulations Handbook: Philippines 2006

13 Aug 2013

Consolidated Withholding Tax (CWT) and Fringe Benefits Tax (FBT) Regulations Handbook: Philippines 2006